PACRA Maintains Stability Rating of AKD Aggressive Income Fund

AKD Aggressive Income Fund ('AKD AIF' or 'the Fund') reflects the Fund's medium‐risk profile. The investment objective of the Fund is to offer investors a convenient vehicle to invest in a diversified portfolio of fixed income securities/instruments that provide consistent returns with concern for preservation of capital over the longer term. As of Dec’25, the Fund’s AUM stood at ~PKR 1,167mln. In terms of asset allocation, the Fund maintained ~26.79% exposure in Spread Transactions, followed by ~21.70% in Cash holdings, ~14.47% in T-Bills, ~14.09% in Commercial Papers/Short-Term Sukuk, ~11.31% in TFCs/Sukuk, and ~7.82% in PIBs, while the remaining ~3.81% was allocated to other instruments including receivables. The allocation reflects a diversified investment mix aimed at balancing liquidity management with yield optimization across fixed income avenues. From a credit quality perspective, ~22% of the portfolio was invested in Government Securities, ~1% in AA+ rated avenues, ~10% in AA-, ~1% in A+, ~21% in A-, ~3% in A1+, and ~11% in A1 rated instruments, while ~31% remained invested in unrated avenues, indicating moderate credit risk exposure with a notable allocation toward non-rated instruments. As of end-Dec’25, the Fund’s WAM (Weighted Average Maturity) stood at 159 days, reflecting moderate exposure to interest rate movements while maintaining portfolio flexibility. In terms of performance, the Fund reported an annualized return of 12.72% as of Dec’25, which remained above the benchmark return of 10.98% and the peer average return of 11.71%, indicating outperformance relative to comparable funds.
Going forward, any material changes in the investment policy and compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
AKD Investment Management Limited commenced its operations in September 2004. The Company is registered as an Asset Management Company under the Non-Banking Finance Companies Rules, 2003. The Company is sponsored by AKD Group Holdings (Private) Limited [Formerly: Aqeel Karim Dhedhi Securities(Private) Limited] (99.97% ownership). The Board of Directors of the Company comprises seven members, including the CEO Mr. Imran Motiwala, who has been serving as the Chief Executive Officer of AKD Investment Management Limited since 2009. The Company is currently managing eight open-end funds with assets under management of ~PKR 13,010mln at the end of Dec '25.